Alpha Compute CorpAlpha Compute signs binding term sheet to acquire land and gas rights for $55M data center campus, its first US project.

AI infrastructure company Alpha Compute has signed a binding term sheet to acquire land and natural gas rights in Pennsylvania for $55 million to develop a 200-megawatt data center campus, CEO Brittany Kaiser told Reuters. The northern Pennsylvania site, which would include gas-fired power generation, is expected to begin operating in the third quarter of 2027 and could eventually be expanded to generate one gigawatt of power. The deal includes undeveloped Marcellus gas rights covering about 1,800 mineral acres and gives the British Virgin Islands-incorporated company an exclusive option to acquire the assets, subject to due diligence, financing, permitting and final agreements. Kaiser expects to close the deal after a 60-day diligence period, with the build-out of the campus, including electrical connections, to cost about $500 million spread out over years. The project would be Alpha Compute's first data center development in the United States.
Alpha Compute CorpAlpha Compute signs binding term sheet to acquire land and gas rights for $55M data center campus, its first US project.
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